Southwest Airlines (LUV) Retained Earnings (2009 - 2026)
Southwest Airlines' (LUV) quarterly Retained Earnings came in at $16.7 billion in Q2 2026, up 2.92% YoY from $16.2 billion in Q2 2025, and up 0.88% on a QoQ basis from $16.5 billion in Q1 2026.
Southwest Airlines (LUV) Retained Earnings (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Retained Earnings data on file, last reported at $16.7 billion in Q2 2026.
- Quarterly Retained Earnings rose 2.92% year-over-year to $16.7 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $16.7 billion (up 2.92% YoY) and the FY2025 annual result came in at $16.4 billion, changed 0.34% from the prior year.
- Retained Earnings improved to $16.7 billion in Q2 2026, from $16.5 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $16.7 billion in Q2 2026 to a low of $15.6 billion in Q1 2022.
- A 5-year average of $16.3 billion and a median of $16.3 billion in 2022 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2022 — Retained Earnings rose 6.89% — and 2024, when it slipped 2.88%.
- Tracing LUV's Retained Earnings over 5 years: stood at $16.3 billion in 2022, then climbed by 0.22% to $16.3 billion in 2023, then gained by 0.21% to $16.3 billion in 2024, then increased by 0.34% to $16.4 billion in 2025, then rose by 1.73% to $16.7 billion in 2026.
- The last three Retained Earnings figures came in at $16.7 billion (Q2 2026), $16.5 billion (Q1 2026), and $16.4 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 54.28 Bn | 49.61 Bn | 19.07 Bn | 14.27 Bn |
| 2 | Ryanair Holdings | 29.21 Bn | 25.99 Bn | - | 8.31 Bn |
| 3 | Southwest Airlines | 19.67 Bn | 15.88 Bn | 7.33 Bn | 16.67 Bn |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 2.70 Bn |
| 5 | Alaska Air | 4.48 Bn | 1.81 Bn | 3.76 Bn | 4.76 Bn |
| 6 | Skywest | 4.02 Bn | 3.42 Bn | 1.01 Bn | 3.22 Bn |
| 7 | Allegiant Travel | 1.84 Bn | 783.14 Mn | 902.77 Mn | 1.46 Bn |
| 8 | Jetblue Airways | 1.81 Bn | -210.04 Mn | 2.32 Bn | 151.00 Mn |
| 9 | Frontier Group Holdings | 1.34 Bn | 386.92 Mn | - | 444.00 Mn |
| 10 | Republic Airways Holdings | 866.63 Mn | 589.03 Mn | 487.40 Mn | 763.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.67 Bn |
| Mar 31, 2026 | 16.53 Bn |
| Dec 31, 2025 | 16.39 Bn |
| Sep 30, 2025 | 16.16 Bn |
| Jun 30, 2025 | 16.20 Bn |
| Mar 31, 2025 | 16.08 Bn |
| Dec 31, 2024 | 16.33 Bn |
| Sep 30, 2024 | 16.18 Bn |
| Jun 30, 2024 | 16.22 Bn |
| Mar 31, 2024 | 15.96 Bn |
| Dec 31, 2023 | 16.30 Bn |
| Sep 30, 2023 | 16.66 Bn |
| Jun 30, 2023 | 16.57 Bn |
| Mar 31, 2023 | 16.00 Bn |
| Dec 31, 2022 | 16.26 Bn |
| Sep 30, 2022 | 16.59 Bn |
| Jun 30, 2022 | 16.31 Bn |
| Mar 31, 2022 | 15.55 Bn |
| Dec 31, 2021 | 15.77 Bn |
| Sep 30, 2021 | 15.71 Bn |